Looking Into Commercial Metals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Commercial Metals (NYSE:CMC) has seen a 5.0% increase in its short percent of float, now at 3.15% with 2.72 million shares sold short. This is lower than the peer group average of 6.13%. It would take traders 4.14 days to cover their short positions.
June 10, 2024 | 8:30 pm
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NEUTRAL IMPACT
Commercial Metals has experienced a 5.0% increase in short interest, now at 3.15% of its float. This is lower than the peer group average of 6.13%.
The increase in short interest indicates a more bearish sentiment among investors, but the short interest is still lower than the peer average. This mixed signal suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100